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Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Summary of Amounts Used in Calculating Basic and Diluted Earnings (Loss) Per Share

The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per-share amounts):

									Year Ended December 31,
															2021						2020						2019
Income (loss) allocated to common stockholders - basic and diluted:
Income (loss) attributable to the Company															$	(267,005)					$	(543,876)					$	(113,635)
Less: Dividends on preferred stock															(252)						(32,117)						(42,577)
Add: Gain (loss) on extinguishment of preferred stock															(607)						55,477						—
Less: Dividends on common stock															—						—						(29,840)
Less: Dividends on unvested performance stock units															—						—						(475)
Add: Claw back of dividends on cancelled performance stock units															349						606						—
Less: Dividends on unvested restricted stock															—						—						(801)
Undistributed income (loss) allocated to common stockholders															(267,515)						(519,910)						(187,328)
Add back: Dividends on common stock															—						—						29,840
Distributed and undistributed income (loss) allocated to common stockholders - basic															$	(267,515)					$	(519,910)					$	(157,488)
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership															(3,970)						—						—
Distributed and undistributed income (loss) allocated to common stockholders - diluted															$	(271,485)					$	(519,910)					$	(157,488)
Weighted average common shares outstanding:
Weighted average common shares outstanding - basic															21,625						1,576						998
Effect of assumed conversion of operating partnership units															219						—						—
Weighted average shares outstanding - diluted															21,844						1,576						998
Basic income (loss) per share:
Net income (loss) allocated to common stockholders per share															$	(12.37)					$	(329.97)					$	(157.74)
Diluted income (loss) per share:
Net income (loss) allocated to common stockholders per share															$	(12.43)					$	(329.97)					$	(157.74)

Summary of Computation of Diluted Income Per Share

Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect adjustments for the following items (in thousands):

									Year Ended December 31,
															2021						2020						2019
Income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted stock															$	—					$	—					$	801
Income (loss) allocated to unvested performance stock units															—						—						475
Income (loss) attributable to redeemable noncontrolling interests in operating partnership															—						(89,008)			(1)			(28,932)
Total															$	—					$	(89,008)					$	(27,656)
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted stock															20						1						1
Effect of unvested performance stock units															9						—						1
Effect of assumed conversion of operating partnership units															—						190						190
Effect of assumed issuance of shares for term loan exit fee															1,672						—						—
Total															1,701						191						192

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(1)Inclusive of preferred stock dividends in arrears of $3.1 million for the year ended December 31, 2020 allocated to redeemable noncontrolling interests in operating partnership.

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
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